ANALYSIS ON THE USD/JPY PAIR (1D & 1H TF)On the Monthly TF, this pair has slowly been on an uptrend while taking impulsive moves and pullbacks along the way.
Despite retesting the last temporary support zone around the 140 price level (in Sept 2024), recent events are showing that it may break below that region as we have seen a strong resistance around the 160 region.
If it breaks below 139 we might see it dropping below to the 120. If it doesn't, then it will continue its Impulsive move and pullback pattern to a new ATH.
Let's see how it plays out.
PS: Don't forget that FA often affects TA (positively or negatively - depending on your analysis). #UseRiskManagement
Multiple Time Frame Analysis
EUR/USD Dominating the Charts with Strong Technicals over Cable.The Euro has been making significant moves, driven by uncertainties in the US tariffs positions, the strength in Euro bonds, and the EU's commitment to increased defense spending. The Pound is also benefiting from these developments.
Currently, the price is moving steadily on the DXY. With ECB President Christine Lagarde speaking, it's advisable to focus on trading the Euro. We anticipate a pullback to the 15-minute Fair Value Gap (FVG) at 1.08046 before targeting the buy-side at 1.08530 during the New York session.
Additionally, the price is in a daily Supply and Demand Imbalance (SIBI) zone, and we will be looking to see if the price will break that high. The overall trend has been bullish. Note that Non-Farm Payrolls (NFP) data is scheduled for release tomorrow, which could bring further volatility to the market.
The New York AM session took out buy-side liquidity, which we would have preferred it not to, but since it did, we will now target the New York AM high. Buying below 4Hr open.
USDCAD...PULLBACK OR REVERSAL? Hello TradingView family! Hope you guys are all doing fantastic! Just wanted to come on here and provide some insight for you guys on USDCAD based on my 13 years of experience in these markets and with technical trading...SO let's dive in!
OK so I am going to keep it very simple on this post for what I may see for USDCAD. You know what...lets go old school and do some bullet points for my bias...HERE WE GO
1. Failed to break multi year highs around 1.46800 zone of price (although it tried coming as high as 1.47800)
2. Gave a fake out (false breakout) above these highs
3. Very strong response from the seller (I like to say BOOM or BAM!)
4. #1 sign of a reversal is power/strength (which those sellers displayed)
5. Buyer has struggled to respond to that seller move (showing the seller dominance)
6. Fib retracement alignment/ Fib extension alignment (with a downward move happening)
7. New zones of supply created
etc...etc...etc.
I think you guys can see my point :) Lots of confluence! Lots of momentum! Lots of seller...stuff! SO what is next as a analyst/trader? WAIT...a traders least favorite word lol
We must wait to see how this pullback (if we get one) comes in to show us the true dominance of the seller and the buyers showing us they are slowing down...because TECHNICALLY price is still in a uptrend...BUT my bias lies behind this being a REVERSAL...keep your eyes out!
IF you guys enjoyed show some love boost this post, follow my page & comment if you'd like! Looking forward to the next time & hope this gives you all some good nuggets to use!
Cheers!
XAU/USD 06 March 2025 Intraday AnalysisH4 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Price has printed a bullish CHoCH according to analysis and bias dated 28 February 2025.
Price is currently trading within an established internal range.
Intraday Expectation:
Price is now trading in premium of 50% internal EQ where we could see a reaction at any point. Price could also target H4 supply zone before targeting weak internal low, priced at 2,832.720
Note:
With the Federal Reserve's dovish stance and persisting geopolitical uncertainties, heightened volatility in Gold is expected to continue. Traders should proceed with caution and adjust risk management strategies in this high-volatility environment.
Price could also be driven by President Trump's policies, geopolitical moves and economic decisions which are sparking uncertainty.
H4 Chart:
M15 Analysis:
-> Swing: Bullish.
-> Internal: Bearish.
Analysis and bias remains the same as analysis dated 03 March 2023.
As mentioned in my analysis dated 28 February 2025, whereby price printed a bullish CHoCH but stated I would continue to monitor price.
On this occasion I have marked the previous bullish CHoCH in red as price did not pull back deeply enough to warrant internal structure breaks, additionally, there was minimal time spent .
Price has printed a further bullish CHoCH which is now confirmed. Price is not trading within an established internal range.
Intraday Expectation:
Price to continue bullish, react at either premium of internal 50% EQ, or M15 supply zone before targeting weak internal low priced at 2,832.720.
Note:
With the Federal Reserve maintaining a dovish stance and ongoing geopolitical tensions, volatility in Gold prices is expected to remain elevated. Traders should exercise caution, adjust risk management strategies, and stay prepared for potential price whipsaws in this high-volatility environment.
M15 Chart:
EURGBP: Bearish Chart Pattern?! 🇪🇺🇬🇧
EURGBP broke a support line of a symmetrical triangle pattern
after a test of key daily resistance.
I think that the pair may retrace at least to 0.836
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Unswervingly short goldBrothers, good morning. Gold is still fluctuating in a narrow range. From the hourly chart, it is difficult for the price of gold to break through the upper resistance area of 2930-2940 in the short term. In the following trading rhythm today, we still maintain the attitude of shorting gold. The short-term focus below is to fall back to the support area of 2910-2900.
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Short trade
1Hr TF overview
Pair: EURUSD
Sellside trade
Fri 28th Feb 25
6.00 am (NY Time)
Tokyo to LND Session AM
Entry 1.03943
Profit level 1.03192 (0.72%)
Stop level 1.04080 (0.13%)
RR 5.48
Reason: I am observing price action on the 1Hr TF using a supply-and-demand narrative for directional bias and a sell-side trade idea.
A temporary RELIEF..?As we can see NIFTY rallied over 1.5 percent despite hitting our demand zone which could be a temporary rally till 22500-22600 level which acted as a strong support, but now can act as a STRONG resistance hence as long as we can below 22600, 22600’s high can be sold for following demand zones so plan your trades accordingly.